Following is the Balance Sheet of Mahavir Limited as on 31st March, 1999.
|
Liabilities |
` |
Assets |
` |
| Share Capital |
3,00,000 |
Goodwill |
40,000 |
| Share Premium |
10,000 |
Land |
1,60,000 |
| General Reserve |
1,20,000 |
Plant |
88,000 |
| Profit & Loss A/c |
34,000 |
Furniture |
6,000 |
| 11% Debentures |
1,00,000 |
Trade Investments |
1,60,000 |
| Bank Loan |
70,000 |
Accounts Receivable |
1,40,000 |
| Bank Overdraft |
40,000 |
Inventories |
1,20,000 |
| Sundry Creditors |
1,20,000 |
Prepaid Expenses |
10,000 |
| Provisions for taxation |
20,000 |
Cash at Bank |
80,000 |
|
|
Preliminary Expenses |
10,000 |
|
|
|
8,14,000 |
|
8,14,000 |
Prepare the above Balance Sheet in vertical form.
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